A new report by ICRA says large-scale solar in the country will likely achieve the 60 GW target set by the Indian government. Rooftop solar and wind, however, will see a shortfall.
Continuing delays in payments from utilities, regulatory uncertainty on tariff matters and tight financing have hit the industry hard.
The solar capacity addition of 7-7.5 GW in FY2019-20 will be 15% higher than a subdued 6-6.5 GW in FY 2018-19. Of the total, 1 GW would come through open access/group captive route and grid-connected rooftop.
U.K. developer Lightsource BP – in which oil and gas giant BP has a significant minority stake – and its Singapore fund partner EverSource Capital are reportedly ready to take up all the $100 million slice of Ayana Renewable Power which is being put up for sale.
Acme Solar regret bidding the lowest ever solar tariff of INR 2.44 ($0.037)/kWh achieved in May for Bhadla Solar Park amidst solar costs increase.
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